Meanwhile, those homeowners have caused Citizens to grow from 420,000 policies in 2019 to 748,000 in early December. Beruff and other officials say they are worried that if Citizens grows too large, it won’t be able to pay all claims after one or more catastrophes. If that happens, Citizens customers will face surcharges of up to half of their annual policy costs. If that money doesn’t cover all claims costs, all property insurance customers in Florida will face surcharges to cover any shortfall.
